Dynamic allocation in an altruistic overlapping generations economy.
In order to analyze whether there exists a social security program that can be maintained period after period, the writer presents a model of dynamic allocation in an altruistic overlapping generations economy. He derives a utility function in which the altruism is intergenerational, nonpaternalist...
| Publicado en: | Journal of Economic Theory Vol. 73; pp. 292 - 316 |
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| Formato: | Artículo |
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Academic Press Inc.
April 1997
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=512975067&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 512975067 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00220531 RTH jtl: Journal of Economic Theory issn: 00220531 maglogo: N pubinfo: dt: April 1997 vid: 73 pid: 735 pub: Academic Press Inc. artinfo: ui: 512975067 10.1006/jeth.1996.2243 ppf: 292 ppct: 24 formats: tig: atl: Dynamic allocation in an altruistic overlapping generations economy. aug: au: Hori, Hajime su: Overlapping generations model (Economics) Mathematical models of saving & investment Economics Game theory Utility theory Mathematical models Altruism Mathematical models of consumption Resource allocation -- Mathematical models sug: subj: Overlapping generations model (Economics) Mathematical models of saving & investment Economics Game theory Utility theory Mathematical models Altruism Mathematical models of consumption Resource allocation -- Mathematical models ab: In order to analyze whether there exists a social security program that can be maintained period after period, the writer presents a model of dynamic allocation in an altruistic overlapping generations economy. He derives a utility function in which the altruism is intergenerational, nonpaternalistic, and two-sided. In addition, he assumes that generations coexisting in the same period come to a consensus on a social welfare function, which appraises the consumption of various generations, and play a game against those living in different periods. He demonstrates that a perfect equilibrium of this game exists and explores its properties. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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